Ethereum is headed toward $10,000 long-term, $7,000 first

Feb 22

I mentioned this once when looking at Binance Coin and it goes like this: The current move is over and we go straight to a new all-time high next or, it might just be early on the down-wave.

Rather than a reversal and strong bullish cycle, it might happen that we are looking at a pause before additional bearish action. Only when the next low comes do wet a reversal and this time it is a long-term one, makes sense?

But, what about the hundreds of altcoins we looked at in the past few days? What about all these signals?

Well, Ethereum is one project, Bitcoin is another one and these altcoins are a bunch of others. While we can extrapolate certain happenings here based on some happenings there, they don't mean anything in actual reality. The broader, bigger picture can be true but anything goes in the short-term.

That is, the altcoins market as a whole might be looking at a new cycle but this wouldn't prohibit some projects to hit lower lows. We are open to all scenarios but still trust, follow and guide ourselves based on the charts.

We want higher now and forever more.

We are looking at Ethereum. Think of this, the 2025 all-time high is the same as the 2021 all-time high. Which means no major bull market in 2025.

There was a very strong parabolic rise in 2020 ending 2021. This led to an equally strong ABC bear market in 2022.
In 2025, we get a perfect ABC bear market also that erased almost all gains from 2025. It ended with a higher low, the same as in 2022.

Based on past action, the bear market is complete. A poor bull market leads to a poor bear market.

"Bull markets will become longer while bear markets will become shorter." Here both the bear and bull markets were the same.

The Ethereum chart doesn't call for any lower. It looks weak but the action is already happening within a long-term support range.

Considering the waves size, duration and proportions, lower is not needed. Lower is possible but not called for nor needed nor necessary.

The market is unforgiving and anything goes, but Ethereum is already trading within the same range from the 2023 compression zone. Jan 2023 through November 2023. This is a very strong support range. It has been activated and it was also activated in April 2025.

Each time this level becomes active, we get a bullish wave. This is where we are at now, two wicks in the past two weeks entered this range. Anything can happen, but we are looking at a reversal zone. Sooner or later, Ethereum will start to grow. Much lower is not possible, we are going up.

The next higher high starts at $7,000 followed by $10,150. Long-term targets.

Namaste.

Feb 23

Trade active

The recent drop seems nothing more than a long squeeze as we have a fast recovery. A long squeeze at this point in time reveals a broader bullish market bias.

Ethereum continues to be buy and bullish as long as it trades above the previous low, 6-February, and above the April 2025 low.

Compression, consolidation and accumulation can continue at bottom prices but this is as bullish as it gets. It is always wise to buy when prices are low.

Thank you for reading.

Namaste.